Sahara Computers buys SES Tech to ramp up distribution

Noida-based IT products maker Sahara Computers and Electronics Ltd (SCEL) on Wednesday announced to have inked a deal to acquire SES Technologies in a bid to expand its distribution network.

SES, promoted by the Kalmadi family, has a network of more than 5,000 channel partners and is among the few to provide distribution, service support and manufacturing services.

SCEL has signed a memorandum of understanding for the acquisition. SES Technologies would continue to function as a separate entity."There would be no changes in SES's management," George Van Der Merve, chief operating officer of SCEL, said.

"We see big potential in SES. Its revenues are Rs 450 crore at present, and we expect to take it to Rs 700 crore within 12 month of the acquisition being complete," he said.

SCEL recently entered the Indian market with the launch of desktops, laptops and servers. It has also announced its foray into the lifestyle segment leveraging on its international expertise.

SCEL's initial manufacturing plant in Noida, Uttar Pradesh, will supply a broad range of information technology products including computers, servers, laptops and peripherals through 25 distribution hubs covering all major states.